AMD downgraded by KeyBanc due to competition and China concerns, potential revenue impact

From Yahoo Finance: 2025-04-08 11:20:00

KeyBanc downgraded AMD to Sector Weight from Overweight due to tough competition and concerns about AMD’s China business. The bank worries AMD will fall behind Nvidia and Intel, affecting revenue. A potential price war in the chip sector could force AMD to cut prices. Revenue from China may decline due to trade tensions.

AMD shares have dropped 10% in the last month and 32% in the last three months. While AMD has potential, KeyBanc believes AI stocks offer higher returns in a shorter timeframe. For a promising AI stock trading at less than 5 times earnings, check out the report on the cheapest AI stock. No promotional content in this article.



Read more at Yahoo Finance: AMD Downgraded on Competition, China Worries